If the marginal product of labor increases because of a technological advancement, it will likely cause a fall in the wage paid to labor. a fall in the number of workers employed. an increase in demand for labor. an increase in the price of output produced by labor. an increase in the supply of labor. O O

If the marginal product of labor increases because of a technological advancement, it will likely cause a fall in the wage paid to labor. a fall in the number of workers employed. an increase in demand for labor. an increase in the price of output produced by labor. an increase in the supply of labor. O O

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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